Business
Stanley Black & Decker Completes Sale of Consolidated Aerospace Manufacturing Business to Howmet Aerospace
Stanley Black & Decker (NYSE: SWK) today announced that it has completed the previously announced sale of its Consolidated Aerospace Manufacturing ("CAM") business to Howmet Aerospace for approximately $1.8 billion in cash. Stanley Black & Decker expects to utilize the net proceeds from the transaction of approximately $1.57 billion (net of taxes and fees) to reduce debt.
About this update from Howmet Aerospace Inc.
[{"type":"text","content":"Transaction Increases Financial Flexibility to Pursue More Dynamic Capital Allocation Strategy for Shareholder Value Creation ","length":126,"tagName":"p"},{"type":"text","content":"NEW BRITAIN, Conn., April 6, 2026 /PRNewswire/ -- Stanley Black & Decker (NYSE: SWK) today announced that it has completed the previously announced sale of its Consolidated Aerospace Manufacturing ("CAM") business to Howmet Aerospace for approximately $1.8 billion in cash. Stanley Black & Decker expects to utilize the net proceeds from the transaction of approximately $1.57 billion (net of taxes and fees) to reduce debt.","length":442,"tagName":"p"},{"type":"image","alt":"Stanley Black & Decker (PRNewsfoto/Stanley Black & Decker)","displaySize":"","headline":null,"caption":"Stanley Black & Decker (PRNewsfoto/Stanley Black & Decker)","className":"","disableSlideshowImg":false,"size":{"original":{"width":400,"height":63,"url":"https://media.zenfs.com/en/prnewswire.com/d892a92bc4ca11d7bb45633c44195a29"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/Oxid4Lu7ox31CI_1pQNNTQ--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTExMQ--/https://media.zenfs.com/en/prnewswire.com/d892a92bc4ca11d7bb45633c44195a29","width":400,"height":63},"resize_sm":{"url":"https://s.yimg.com/ny/api/res/1.2/yR90DEJOUWlLbWj0sfZCmw--/YXBwaWQ9aGlnaGxhbmRlcjt3PTY0MDtoPTEwMQ--/https://media.zenfs.com/en/prnewswire.com/d892a92bc4ca11d7bb45633c44195a29","width":400,"height":63}},"href":"https://mma.prnewswire.com/media/842866/Stanley_Black_and_Decker_Logo.html","hrefExternal":true,"rel":"nofollow"},{"type":"text","content":"Chris Nelson, Stanley Black & Decker's President & CEO, commented, "The successful sale of CAM further focuses our portfolio on our core businesses. The proceeds from this transaction are expected to significantly reduce our debt, positioning us to achieve our target leverage ratio of at or around 2.5 times net debt to adjusted EBITDA by year end, and enabling additional capital allocation opportunities. We remain committed to disciplined capital allocation and accelerating value creation for our shareholders.","length":532,"tagName":"p"},{"type":"text","content":""We would also like to recognize the CAM team for their dedication and outstanding contributions, which have been instrumental to our business success. As they now emba...